St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1887-07-16

STATE or LOUISIANA, I
CRY OF NEw OkLEAxs, I

CRY OF NEw OkLEANs.
Re n KNOWN, That on this thirty.
inst day Of Nay, in the year of cur Lord
seven, before me, Marcel r. DucrOs, q
notary public in and for tie city and
parish Of New Orleans. State OF Louixi-
ana. aforesaid. duly commissioned aud
sworn. personally came and appeared
the several persons whose names are
hereunto subscribed. Who declared that
availing themselves Of the provisions Of
the laws OF this State relative to the or
gaAizstion Of corporations for works Of
general utility aud Improvement they
have covenanted and agreed, and do.
BY these presents. covenant and agree,
and bind themselves, - we'll - such
persons ~ may hereafter become ASSOC
ciated with them, to form and constitute
. corporation and body polite in Law,
TOR the purposes and objects and under
the stipulation, articles and conditions
following, to-vit:
ARrIcLE FIRST.
The name and title Of said corporation
shall be the "COVINGTON AND 81.
rAMMANY LAND AND IMPROVE
f! AENT COMPANY" and by that name
il shall have succession and corporate
existence for and during the term and
period Of ninety-nine years from the
date OF these presents, unless sooner
dissolved in the manner hereipafter
provided. Tho donicile of said corpora.
tion shall b in the town Of CovinRton.
State Of Louisiana, and it shall have Q
corporate seal, 20 be such g the Board
Of Directors may select,
ARrlcL. SECOND.
The objects and purposes for which
this corporation 10 established. and the
nature Of the business 20 he carried on
by it are declared and specified to lie 10
purchase. improve and dispose of real |
estate OF every description whatever in |
the town Of Covingt0n or elsewhere in |
this State; to erect. construct opsnte
and establish factories and mann facto. |
ries of every description, or any other
works or Improvements Of public utility
OF any and every character, kind and
description on said lands, teue,n
and real estate ~ il may acquire or como
intO possession of by purchase. neoo.
taation or con sract: to Improve, sell or
dispose of or negotiate such real estate
or property in such quantity or parcels
OF land a. they may deem suitable. to
purchasers, with the right to authorize
said purchasers - construct, operate
and establish factoriee and manufac.
tories Of every description on such
lands which the said purchaser NAV
acquire from the corporation; to grant
and take mortgages. aud make sd.
vances on real estate; to borrow money.
and for the security thereof, TO mort.
gage all or part Of the real estate Owned
by said corporation; 10 loan all or any
portion Of the funds of said corporation
by taking mortgages or other securities.
and to colonizs and develop the acri-
cultural, mineral and man ufactu ring re- I
sources Of the State of L0uisians, on any (
land which It may become possessed 81 {
in the said State TO promote immivrs.
tioc thereto: and to purchase and sell .
lands Is real estate, SO a. to provide
homesteads or farms for persons immi. q
0rating thereto; TO connect any or xll of
said lands by railroad with sny other j
lines of railroad; provided, that in ali 1
cases such acquisition Of lands, and the q
disposition Thereof, etc. etc., shall be q
by the Board Of Directons
hereinafter provided for. or BY officers
md agents duly authorized by said
Board.
Said corporation shall have and DOS.
less all the powers. rights and priv.
eyes that corporations are or may be. bv
my general laws Of this State, allowed
@ possess. and may exercise its corpor.
tie powers in any other State or Terri.
DRY OF the United States that may auth.
'rize the same; the said corporation
nay sue and be sued, citations and all
egal processes shall be served at the
flee Of the company. in the town of
,OvihgtOn. La. and upon the President.
nd in his absence, upon the Vice
resident Of the company.
A1rlcLl THIRD. 1
The capital stock Of the company is
ereby fixed ut the sum Of One liun-
red Thousand Dollars, 70 be repre- II
ented by Two thousand Shares, Of the II
ar valne Of Fifty Dollars each, which p
hall be paid fol in such manner aud At v
nch time ~ the Board OF Directors NAV Al
rovide, and payment therefor shall be- 4!
,ade in cash or in property of any de- y
cripti0n which, under the charter. may
e acquired by said corporation, or for
.bor done for said corporation. Ie.
The Board Of Directors shall deter. !. -
line the terms and conditions upon =.
'hich certificates Of stock shall issue, !. :.
nd how and under what conditions :. -
hey shall. when issued, be transferred. 'e
No stakeholder phall ever be held liz.
le or responsible for the faults or con. r
acts of this corporation. nor for any Of =
9 transactions or business, nor shall e
ny informally in the Organization of -
70 corporation otherwise. have the Of. -
ct Of aunullinR this charter nor of "
aking any stockholicr liable in any :
lrther sum than the unpaid balance due
the company on the shares ownsd BY